Fomento Mexicano Stock Price, News & Analysis

Fomento Económico Mexicano (FEMSA; NYSE: FMX) has received all regulatory approvals for its public tender offer to acquire Valora Holding AG at CHF 260.00 per share. The settlement is scheduled for October 7, 2022, following the definitive notice of the offer's results on October 5, 2022. After the acquisition, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange. This move aligns with FEMSA's strategy to enhance its portfolio in the convenience and food sectors.

Fomento Económico Mexicano (FEMSA) has successfully completed its public tender offer to acquire Valora Holding AG shares at CHF 260.00 each. A total of 4,234,923 shares were tendered, giving FEMSA control over 96.87% of Valora's share capital. The completion of the offer now depends on regulatory approvals, after which FEMSA plans to initiate a squeeze-out procedure to delist Valora from the SIX Swiss Exchange. The definitive notice of the offer's results is expected on October 5, 2022, with settlement anticipated on October 7, 2022.

FEMSA has confirmed that it received strong support for its public tender offer for Valora Holding AG, acquiring 84.42% of Valora's share capital by tendering 3,698,762 shares at CHF 260.00 per share. The offer's minimum acceptance condition has been met, and an additional acceptance period runs from September 16 to September 29, 2022. Following the offer's completion, FEMSA plans to initiate a squeeze-out procedure and delist Valora shares from the SIX Swiss Exchange, subject to regulatory approvals. The indicative timetable includes important dates for settlement and final results.

FEMSA has announced the provisional interim results of its public tender offer to acquire Valora Holding AG at a cash price of CHF 260.00 per share. As of the end of the offer period, approximately 3.7 million Valora shares were tendered, giving FEMSA a total stake of 84.41% in Valora. The minimum acceptance condition has been met, allowing for an additional acceptance period from September 16 to September 29, 2022. Completion of the offer is contingent upon regulatory approvals, after which FEMSA plans to initiate a squeeze-out procedure to delist Valora shares from the SIX Swiss Exchange.

Fomento Económico Mexicano (FMX) reported a robust 22.2% increase in consolidated revenues for Q2 2022 compared to Q2 2021, marking a 30.6% growth against Q2 2019. The company's EBITDA margin expanded to 15.3%, setting a record for Q2. Key sectors showed strong performance, including a 9.0% rise in same-store sales for Health and 17.3% growth in Logistics & Distribution revenues. Coca-Cola FEMSA reported an 11.9% growth in total volume. CEO Daniel Rodríguez highlighted the continued recovery post-COVID and plans for further growth.

FEMSA (NYSE: FMX) has announced a public tender offer to acquire all publicly held shares of Valora Holding AG at a price of CHF 260.00 per share. The main offer period is slated to begin on August 11, 2022, and will conclude on September 9, 2022, pending regulatory approvals. Valora's Board of Directors has unanimously recommended that shareholders accept the offer, which aligns with FEMSA's strategic focus on European markets. Notably, Valora's largest shareholder, holding approximately 17%, has agreed to tender their shares.

Fomento Económico Mexicano (FMX) invites investors to its Q2 2022 Conference Call on July 28, 2022, at 10:00 AM ET. Prior to the call, the company will release its quarterly results, which will be available before markets open. The call can be accessed via toll-free numbers and will also be webcast live. FEMSA operates across various sectors, including retail, health, and beverages, employing over 320,000 people across 13 countries. For more details, visit their investor relations website.

Fomento Económico Mexicano, S.A.B. de C.V. (FMX) announced an all-cash offer to acquire Valora Holding AG for CHF 260.00 per share, representing a 57.3% premium over the average share price. The acquisition, supported by Valora's board and its largest shareholder, aims to enhance Valora's growth in Europe through FEMSA's expertise. The deal, valued up to CHF 1.1 billion, is expected to create new jobs and will be funded by FEMSA's cash reserves. The transaction is subject to regulatory approvals and aims to be settled by early October 2022.

Fomento Económico Mexicano S.A.B. de C.V. (FMX) reported a robust performance for Q1 2022, with total consolidated revenues surging by 18.6% year-over-year, reaching 147,636 million Ps.

Notable highlights include a 130 bps increase in Proximity EBITDA margin to 13.3%, and Health EBITDA margin up 150 bps to 10.7%, both setting first-quarter records. Coca-Cola FEMSA achieved 10.1% volume growth across all markets. Overall, the results reflect effective growth strategies and operational efficiencies despite ongoing inflation and supply chain concerns.